So Many New Projects, Most Are Just Thrash

[TomPluz]

I am a member of many Telegram groups where members can "shill" or just advertise the projects that they are holding, supporting or just plainly told to post about it...maybe just like some people here because we are promoting bounties. One undeniably fact is the abundance of so many new projects with many of them just having use-cases on the "joke" level. One project is even named AssToken, FartToken and yes for the obese FatCoin - mostly using the Binance Smart Chain network.

I am not really sure how these new projects are gonna be helping this industry...or maybe they are just really there for the money - nothing more nothing less. And I am amazed that many of these incredible projects are getting supporters and believers who are willing to shell out the money as enticed.

Amazing, right?

[jhm]

Couldn't agree more, sadly. Most are simply trash. If anyone does know of anything worthwhile, always good to know. Always nice discovering new things. Does anyone have a view on Pulse Chain?

[zilzylian]

Every day we can see a list of new coins in CMC or coingecko and I think some new coins are needed to increase the interest of new potential investors.
It's hard to predict whether new coins that exist today can compete with old coins and they have different ideas, but all coins are good copies and make a big impact on the progress of cryptocurrencies, because in my opinion trash coins are coins left behind by developers without the renewal of the project.

[MrSpasybo]

We are going through an accumulation phase of the market, and this is an opportunity for scam projects to spring up to entice investors who are used to tens of % profits per day like January-March 2021. Some investors are F0, some understand the market but they believe that if they join early, their risk is lower than those who join late, they even want to bet with the same luck as with meme-coins.
I got used to this after going through the crazy ICO wave of 2017 ^^

[Jaephoenix]

That is the way. In fact I daresay 90% of coins or token would be dead in the next few years. And regulations would see to that

[yohananaomi]

Couldn't agree more, sadly. Most are simply trash. If anyone does know of anything worthwhile, always good to know. Always nice discovering new things. Does anyone have a view on Pulse Chain?

I may not agree with what you say because there are still many that are quite good even though the % is too small so it is covered with what is bigger. indeed this is a reality because everyone just wants to make a momentary profit and does not want to linger with what is being done, because often creating new is more profitable than managing for development.

[shadowdio]

Of course they are just making money hoping their token will go to the moon.. I noticed that because of the BSC many meme tokens has been created. Investors should do research the project first before to buy the token.

[Delgboke]

One thing we have to know about participating in the new Cryptocurrency project is because we don't no the one that will succeed in the market or the one is a genuine Cryptocurrency project but many are shit coins people just create such project just selfish reason just to accumulate enough for their own pocket.

[pieppiep]

many cryptocurrency projects are trash because when investors get a lot of profits they will leave the project and of course it makes a lot of investors lose, and ultimately makes investors don't like cryptocurrencies anymore.

[Anonylz]

I am a member of many Telegram groups where members can "shill" or just advertise the projects that they are holding, supporting or just plainly told to post about it...maybe just like some people here because we are promoting bounties. One undeniably fact is the abundance of so many new projects with many of them just having use-cases on the "joke" level. One project is even named AssToken, FartToken and yes for the obese FatCoin - mostly using the Binance Smart Chain network.

I am not really sure how these new projects are gonna be helping this industry...or maybe they are just really there for the money - nothing more nothing less. And I am amazed that many of these incredible projects are getting supporters and believers who are willing to shell out the money as enticed.

Amazing, right?

We must agree that many in cryptocurrencies now are basically for the profits and not whether the project has any meaningful case to offer so we will see people investing in all these shitcoins in the hope that they will make good profits from their investment, after all, this is a risk-taking space if you have the nerves for it and we have seen some coins in that line make good profits too so more will continue to spring up in the hope of making same.
 

[bigcash2011]

I have suggested all my friends to not follow short term shiny projects for fast gains because chances of losing are more than gaining because most of these projects offer no utility that is why i term them ponzi projects because they are launched to make quick bucks so wise thing is yo stay away from such projects.

[Review Master]

Most of those are just shitcoins or memecoins and nothing more than that. It's ridiculous to see that new projects are created whenever Elon Musk say something. It's just on-going hype and eventually this hype or trend will finish and hodlers of those shit projects will be rekt for hodling those tokens. So DYOR before hodling or buying those shitcoins/memecoins, IMHO.

[debra]

I can feel what you feels right now.
I am also invited by many shit telegram groups of projects that are unknown. There are so many new projects, based on Defi projects, meme coins, or other doggy coins. Nad most of them are trash. I believe it

[doc]

many cryptocurrency projects are trash because when investors get a lot of profits they will leave the project and of course it makes a lot of investors lose, and ultimately makes investors don't like cryptocurrencies anymore.

You're right, many investors has leaves the project after got the big money.
We must be careful to invest, see the fundamental and coin burned or locked.
I think there are several trash coin.

[Callisto]

You can always find a supporter, for example, the doggy coin was created for hype, and now it is already in the top in terms of coin capitalization. Now it is impossible to understand what the society needs innovations and technologies or just a hype coin that will simply unite all supporters of the hype and simply pour in or pour out their capital there, there are people who do it "for fun"